Mohale’s Hoek, Nov. 20 — Public Servants from various Ministries have been urged to be vigilant when making decisions about their salaries, to avoid being miserable when retiring and falling prey to investments scams and frauds.
This transpired during the Civil Servants Financial Education Drive session courtesy of Absolute Investment Advisors, aimed among others at highlighting sources of financial stress and their effects on health and finances, helping officers to understand the dangers of unsecured loans and what to look for before taking them.
The Chief executive Officer Mr. Tlali Mpholo asserted that most officers find themselves in financial distress due to poor decisions even though some earn enough to sustain their lives, noting it is about time officers learned from their colleagues’ mistakes, and stop getting themselves in unnecessary debts.
Mr. Mpholo who articulated that it is not about how much money one earns but rather how one manages money, asserted that it is not only the civil servants who have financial problems, even their counterparts in private sectors have similar problems, stating the lump sum from pension funds, should only be used address family’s basic needs, not for huge projects which often go unfinished like some are currently doing.
